The Liquefied Natural Gas (LNG) market in India has been witnessing strong fluctuations on demand-supply dynamics lately because of the geo-political developments. India, which currently has natural gas accounting for barely seven per cent of its energy basket, is aiming to increase this to 15 per cent by 2030. Lack of robust infrastructure, coupled with a low demand from the electricity sector also adds to the slower penetration of natural gas. However, this would not deter the growing role of natural gas in the economy. Conducive policies by Government it has implemented various initiatives to enhance nationwide access to natural gas, such as extending domestic pipeline networks and increasing the number of liquefied natural gas (LNG) terminals. Despite numerous government initiatives, the proportion of natural gas in the energy mix has declined due to various social, political, and economic challenges.
It is thus imperative to examine the future growth trajectory of Natural Gas production, consumption, and import needs in India in the medium run. and a proactive industry will boost investment to create the desired infrastructure for achieving higher natural gas penetration in India. Indian companies are investing billions in dollars to strengthen the natural gas infrastructure. An expanding CGD network will not only provide the fillip to the growing gas transportation and distribution network, but also promote consumption of natural gas as a residential, automotive, commercial and industrial fuel. Parallel to growing popularity of zero carbon renewable sources of energy, natural gas still remains the primary source of energy for coming decades due to intermittent availability of renewable resources like wind and solar. The utility of natural gas is both as a fuel as well as a chemical feedstock. An emerging solution also lies in planning in such a way that gas infrastructure can be repurposed for renewables such as green hydrogen – which will make India’s energy systems truly emissions free in the longer term. As LNG accounts for nearly 50% of India’s natural gas demand, any discussion on natural gas in India would remain incomplete without understanding the global LNG market and R-LNG infrastructure required for importing LNG.
Diligentia Advisors invites you to become a pivotal part of the solution with a landmark event in the energy industry’s calendar, and the meeting place for the Gas, LNG and low-carbon solutions energy value chain. We are proud to announce our 10th Annual LNG Summit 8th August 2024 at Hotel Le-Meridien, New Delhi. Conference participants can look forward to hearing from industry stalwarts as speakers in sessions covering the latest commercial and technical developments as well as insights from the Ministry, CXOs and policymakers as they will lead the debate and convey their unique perspectives on the state of the energy industry and ambitions on how it will evolve over the coming decades.
The Summit will offer an exceptional networking and learning experience which will assist you in achieving your business goals. The conference will address to the Natural Gas Producers & consumers, LNG Suppliers & buyers, E&P players, Pipeline Operators, CGD Players, Equipment & Technology providers, Trading companies, Government and Regulatory Bodies, Fertilizer, Power, Steel/Petchem producers, other industrial users, financial institutes, Consulting and legal firms etc.
Participation Opportunities
Global LNG landscape with focus on India Market
Emerging markets for LNG
Closing Remarks
Sh. Rajeev Mathur: Director HCG Group
Sh. Kapil Kumar Jain: ED GAIL India
Sh. Rajeev Kumar: ED IGL
Dr. Basudev Mohanty: Former Member PNGRB
Sh. Ajay Mishra: VP, IGX
Sh. Ravishankar Sunderesan: CEO Alethe Labs
Sh. J P Misra: CGM IOCL
Capt. Pawan Gupta: MD Pace Marine
Sh. Rajan Varshney: DGM NTPC
Sh. Manan Shah: Director Ambetronics Engineers
Sh. Jitender Rathore: GasTech Systems
Sh. Ankit Kohli: CEO Sanmish Energies
Ms. Nainika Rathore: Invest India
